SNB stands pat on EUR/CHF floor, despite market jitters
EUR/CHF peg under pressure as participants raise margin
The Swiss National Bank (SNB) has kept its 1.20 EUR/CHF floor unchanged and reiterated its readiness to buy "unlimited quantities" of foreign currencies to protect the barrier, as market participants prepare for an attack on its line in the sand.
The Swiss central bank introduced its EUR/CHF in September 2011, to prevent further appreciation of its franc, as many investors sought a safe haven from the eurozone debt crisis.
The floor has remained intact since, but aggressive easing measures by
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